Wednesday, April 24

Tag: Travel Platform

TripAdvisor Acquires Menu Management Company SinglePlatform
6Dec By PriyankaNo Comments
ACQUISITION

TripAdvisor Acquires Menu Management Company SinglePlatform

NEEDHAM, Mass., Dec. 6, 2019-- TripAdvisor, the world's largest travel platform acquired leading menu management company SinglePlatform to help the more than five million restaurants listed on TripAdvisor attract more diners and offer a better guest experience. Today, 93 percent of diners check menus online before choosing a place to eat, but for restaurants, keeping their menus up-to-date everywhere on the Internet is a challenging and time-consuming process. SinglePlatform works with restaurants to easily publish and manage their menus and other key information such as their business name, opening hours and contact information on main search and discovery sites like Google and Facebook. Upon completion of the integration, restaurants will be able to subscribe to the service and conve...
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Travel platform Tripoto raises $3.6 million funding
13Apr By AdityaNo Comments
FUNDING

Travel platform Tripoto raises $3.6 million funding

Travel community platform Tripoto has raised $3.6 million (₹25 crore) funding from Orchid India and existing investors. The funds will be utilised to scale up Tripoto's community and marketplace. The new areas of growth that the company is focusing on are vernacular content, short video and influencer commerce, leveraging the strength of this flourishing community, Tripoto said in a statement. Since its inception, the company has raised a total of ₹50 crore, it added. Existing investors in the company are Chiratae Ventures, 3one4 Capital and Lasmer NV. "Our aim is to scale both B2C and B2B side of the platform. On the consumer front, we want to capture the entire life-cycle of a traveler- everything from getting inspired, discovering, planning and finally, carrying out...
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Klook Raises $425 million Funding from Softbank Vision Fund
10Apr By AdityaNo Comments
FUNDING

Klook Raises $425 million Funding from Softbank Vision Fund

Klook, a world leading travel activities and services booking platform has raised $225 million in Series D round. The funding round was led by SoftBank Vision Fund with participation from existing investors, including Sequoia China, Matrix Partners, TCV, and OurCrowd. This is the biggest round of funding in the global travel activities and services industry. In just four years, Klook has become the most searched travel activities and services company on Google. In the last year, the Hong Kong-based company expanded its global footprint into Australia, Europe, and the United States to deliver new, unique and exciting consumer experiences. Klook also entered into major global partnerships with Shangri-La Hotels and Resorts, Asia Pacific's leading luxury hotel group; and ...
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Post Ebix-Via Acquisition, Via Executives Leave the Company
2Apr By Sheldan RungasamyNo Comments
News

Post Ebix-Via Acquisition, Via Executives Leave the Company

Via, the online travel platform that was recently acquired by US company Ebix at the end of October 2017 is reportedly seeing the successive departures of its senior leader members; notably, Chief Business Officer, Paroma Chatterjee and Chief Finance Officer, Sujit Neha according to anonymous sources close to the company. Ebix, acquired Via for $75 million and are now envisaging using is workforce to expand its core payments and remittance relating to travels with its insurance businesses. Ebix and the Bombay Stock Exchange recently agreed on a Memorandum of Understanding on establishing a jointly an insurance distribution network in India. According to anonymous sources, the departures of the two senior executive is directly related to Via change of power. Unlike its rivals MakeMyTr...
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